Tit-for-tat action ready for latest US tariff plan
By Jing Shuiyu | China Daily | Updated: 2019-08-16 07:52
China will have to take necessary countermeasures in response to the United States government's proposal to slap an additional 10 percent tariff on $300 billion worth of Chinese goods, the State Council's Customs Tariff Commission said.
Washington's planned move seriously violates the consensuses reached between the two countries' top leaders in previous meetings, and deviates from the right track of resolving differences through consultations, the commission said in a statement on Thursday.
Calling the new tariff plan "irresponsible", Wang Wen, chief economist at China Export and Credit Insurance Corp, said the move is totally inconsistent with the direction needed to reach a mutually beneficial deal.
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